616 S Converse St - Apartments FOR SALE


Spartanburg, SC 29306- South Converse
$325,000 USD
803-549-8227
616 S Converse St, Spartanburg, SC for Sale
$325,000 USD
Apartments - FOR SALE
1/43
null | 14.03% Cap Rate

616 S Converse St
Spartanburg, SC 29306
South Converse


HIGHLIGHTS

  • 616 S Converse is a quaint, two-unit apartment building rented through AirBnB, originally constructed in the early 1920s and fully rehabbed in 2023.
  • The building is located near all events/ hospitals/ colleges in Spartanburg, enabling high renter demand.
  • An investors opportunity to acquire a modern, well-maintained asset with cash-flow.
  • The two-unit building offers natural light, separated private quarters, stainless steel appliances, and modern finishes throughout.

OVERVIEW

Capture this income producing fully-furnished AirBnB property for your investment portfolio. Each unit of the duplex is a two-bedroom/ one-and-a-half bath for a total of four bedrooms. Located one mile from Downtown Spartanburg, this property boasts a mixed dynamic of guests traveling to visit college students, events in the city, and business professionals. Guests are falling in love with this charming place that gives both modern and southern vibes. Inquire today for further renting possibilities at 616 S Converse Street. Vrbo, Furnished Finder.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

2

PRICE/UNIT

$162,500

CAP RATE

14.03%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,746 SF

ZONING

-

APN/PARCEL ID

7-16-04-009.00

ASK ABOUT THIS PROPERTY

ky switchLifestyles RealtyMore Info
803-549-8227

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ky switchLifestyles RealtyMore Info
803-549-8227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.